Last Updated: 04/18/2025
Members Cooperative Credit Union Money Market
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.20% - 0.75%(Verified 06/21/2024)
Minimum Balance to Earn APY
$2,500
Minimum Opening Deposit
Starting at $500
Members Cooperative Credit Union Money Market Review
Members Cooperative Credit Union Money Market is offered by Members Cooperative Credit Union, a credit union founded in 1936 and based in Duluth, MN. Members Cooperative Credit Union Money Market are available in 50 states and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.75%, which is much higher than the national average for a money market account. However, you must keep a minimum balance of $2500.
- Charges a monthly fee. This account charges a monthly fee of up to $3.
- $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of Members Cooperative Credit Union Money Market
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Members Cooperative Credit Union Money Market FAQ
Are money market accounts from Members Cooperative Credit Union federally insured?
Yes, your money market accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
What are the dividends for Members Cooperative Credit Union Money Market rates?
Members Cooperative Credit Union Money Market offers an APY starting at 0.20% and ranging up to 0.75% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.20% - 0.75% |
What are the fees for Members Cooperative Credit Union Money Market?
This account charges a monthly maintenance fee of up to $3.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for Members Cooperative Credit Union Money Market?
Minimum deposit of $500. You must make an initial deposit of at least $500 to open this account.
Interest rate minimum balance of $2,500. You must keep the account balance above $2,500 to earn interest.
What features and perks does Members Cooperative Credit Union Money Market offer?
This account includes the following features:
- Mobile Banking Services - Members Cooperative Credit Union Money Market allows you to manage your money through online banking and a dedicated mobile app.
What is the customer service phone number?
The customer service number for this account is (800) 296-8871.
What is the support contact email?
The support contact email for this business credit card is memberservices@membersccu.org.
How to open an account with Members Cooperative Credit Union
- Visit the Members Cooperative Credit Union website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 5:30PM
Tuesday
8:00AM - 5:30PM
Wednesday
8:00AM - 5:30PM
Thursday
8:00AM - 5:30PM
Friday
8:00AM - 5:30PM
Saturday
8:30AM - 5:30PM